Funding you earn now, next payment 08:00 UTC−0.0742%/8h= −81.2% APRnext payment −$3.71 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against edgeX+0.248%70s7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$810.811% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.248%, 7d avg +0.082%
=Together, before fees−0.268%+ Points / potential airdropedgeX: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.166% dearer against edgeX than usual: you sell high and buy low (spread +0.248% now, against its 7-day average of +0.082%): +$17 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.083% in total) that is about 14 days. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MINIMAXUSDC | 36.970 | 0.1153 | pay 0.0576% / 4h | 2h 24m | $28K | $182K | 10x |
| Short | Binance MINIMAXUSDT | 37.061 | 0.0411 | get 0.0206% / 4h | 2h 24m | $6.3M | $32.0M | 25x |
edgeX MINIMAXUSDC
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$155.73
- Price spread: +0.248% → +0.082%
- $16.6
- Slippage, 4 orders
- −$62.12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$220.25
- Costs to cover
- 0.811%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 22 min ago; Binance: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy edgeX live order book, 22 min ago | 12.19 bp | 26.9 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 4.05 bp | 16.3 bp −$16 | 44.5 bp −$445 | 190.2 bp −$19.0K | doesn't fit |
MINIMAX on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.080 | +0.298% | $15 | $2.1M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.126 | +0.423% | $46K | $234K | 20x | as long as short |
| Gate MINIMAX_USDT | +0.0021% | 8h | 37.100 | +0.353% | $1.3M | $3.5M | 50x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.055 | +0.231% | $93K | $3K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.052 | +0.223% | — | — | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0256% | 4h | 36.950 | −0.053% | $97K | $37K | 20x | as long as short |
| Bybit MINIMAXUSDT | +0.0278% | 8h | 37.000 | +0.082% | $909K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0337% | 8h | 36.980 | +0.028% | $33K | $45K | 20x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0365% | 1h | 37.050 | +0.217% | $24K | $49K | 5x | as long as short |
| Extended MINIMAX-USD | +0.0408% | 1h | 37.051 | +0.221% | $3K | — | 10x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Gate MINIMAX_USDT
SoDEX MINIMAX-USD
Aevo MINIMAX-PERP
KuCoin MINIMAXUSDTM
Bybit MINIMAXUSDT
Aster MINIMAXUSDT
Ondo Perps MINIMAX-USD.P
Extended MINIMAX-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MINIMAXUSDTshort | +0.0411% | 4h | 37.061 | +0.248% | $6.3M | $32.0M | 25x | |
| Lighter MINIMAX | +0.0480% | 1h | 37.033 | +0.171% | $41K | $25K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0538% | 8h | 37.068 | +0.266% | $1.2M | $2.8M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.0638% | 4h | 37.041 | +0.193% | $855 | $127K | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.1081% | 1h | 36.996 | +0.071% | $4.4M | $3.2M | 10x | as long as short |
| edgeX MINIMAXUSDClong | +0.1153% | 4h | 36.970 | long leg | $28K | $182K | 10x | |
| OKX MINIMAX-USDT-SWAP | +0.1168% | 8h | 37.130 | +0.434% | $2.8M | $8.4M | 20x | as long as short |
Lighter MINIMAX
Bitget MINIMAXUSDT
GRVT MINIMAX_USDT_Perp
tradeXYZ xyz:MINIMAX
OKX MINIMAX-USDT-SWAP